You can only report it as Passive Loss

来源: 有所图 于 2010-02-09 22:16:28 [] [旧帖] [给我悄悄话] 阅读数 : (336 bytes)
本帖于 2010-02-10 10:31:37 时间, 由普通用户 laoyangdelp 编辑

If you are not a real estate professional and managed the property yourself. Passive loss could be carried over many years (20 year? Sorry, learned long time ago, forgot). Howver, Passive Loss can not be used to deduct your normal income. It can only be deducted by Passive income. Check with IRS site for passive income/passive loss.

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